Revenue
2.6% of Montenegro's revenue
1,100 companies earned 458.85m€ in 2025, 2.6% of all company revenue in Montenegro. It ranks 9 of 18 sectors by revenue. Revenue has grown 2.8× since 2015.
2.6% of Montenegro's revenue
698 with at most one employee
Largest employer: JP RT Crne Gore - Podgorica (743)
Total profit: 55.95m€
Average per employee, not per company
Revenue in € million (bars) and filing companies (below), 2015–2025
| Year | Revenue | Companies |
|---|---|---|
| 2015 | 161,664,788€ | 355 |
| 2016 | 187,411,974€ | 387 |
| 2017 | 156,909,552€ | 420 |
| 2018 | 201,110,217€ | 483 |
| 2019 | 213,739,435€ | 524 |
| 2020 | 189,430,367€ | 576 |
| 2021 | 264,330,805€ | 619 |
| 2022 | 304,663,433€ | 784 |
| 2023 | 358,532,955€ | 935 |
| 2024 | 418,593,407€ | 1,021 |
| 2025 (Preliminary) | 458,854,259€ | 1,100 |
The number of companies jumped most in 2022: from 619 to 784.
Growth is measured on the same companies, which filed for both years.
Share of the sector's revenue
Revenue change vs 2024, companies with at least 1m€ that year
Employees and payroll cost per employee per month*
Ranked by total revenue · Showing 301–350 of 1,100
* Avg payroll cost per employee per month = wages, wage compensation and other personnel expenses from the income statement (AOP 211: net wages, taxes and contributions on wages including the employer's, and other personnel expenses) / employees / 12. It is not an employee's gross or net salary; reporting errors can move it significantly, and values below 300€ a month are not shown. How we calculate →
Totals include 17 sole proprietors: natural persons whose statements are shown only in aggregate, never by name. The company count excludes them. How we calculate →
| Employees |
|---|
| Payroll cost/emp./mo* |
|---|
| 301 | Markus Media03166414 · Podgorica | <0.1% | 47,106€ | +3.8% | 4,882€ | 10.4% | 0 | — |
| 302 | Macavara Company03503089 · Bar | <0.1% | 46,975€ | +38.6% | -9,612€ | -20.5% | 2 | 1,706€ |
| 303 | Cosmos Montenegro03374904 · Budva | <0.1% | 46,350€ | +11.0% | -64,104€ | -138.3% | 3 | 1,652€ |
| 304 | Magic Place03743942 · Bar | <0.1% | 46,261€ | No filing for 2024. | -4,542€ | -9.8% | 3 | 542€ |
| 305 | Musica Classica03508811 · Bijelo Polje | <0.1% | 45,769€ | +123.9% | -4,963€ | -10.8% | 2 | 497€ |
| 306 | Infinity Centar03555887 · Bar | <0.1% | 45,165€ | +6.8% | -1,582€ | -3.5% | 2 | 517€ |
| 307 | MMK Group03400662 · Budva | <0.1% | 45,011€ | -81.9% | -189,073€ | -420.1% | 5 | 1,279€ |
| 308 | Budva Plus Mne03141616 · Budva | <0.1% | 44,891€ | +112.2% | -3,811€ | -8.5% | 4 | 652€ |
| 309 | Studio 503621839 · Podgorica | <0.1% | 44,886€ | +154.1% | 4,230€ | 9.4% | 1 | 2,499€ |
| 310 | Gecko Corp03492320 · Tivat | <0.1% | 44,798€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 16,113€ | 36.0% | 2 | 1,134€ |
| 311 | CG News03344967 · Podgorica | <0.1% | 44,582€ | -5.1% | -1,753€ | -3.9% | 2 | 1,772€ |
| 312 | Rec Audio03183068 · Podgorica | <0.1% | 44,378€ | -25.3% | -8,963€ | -20.2% | 1 | 713€ |
| 313 | Stoyanovic - Art02662914 · Bar | <0.1% | 44,266€ | +31.9% | 2,571€ | 5.8% | 1 | 2,232€ |
| 314 | DMP Active03204596 · Podgorica | <0.1% | 43,751€ | -10.8% | -8,979€ | -20.5% | 2 | 802€ |
| 315 | Vitlok03182797 · Podgorica | <0.1% | 43,455€ | -19.5% | 4,748€ | 10.9% | 1 | 490€ |
| 316 | PGM Live CG03248917 · Podgorica | <0.1% | 43,308€ | +138.3% | 13,237€ | 30.6% | 1 | 678€ |
| 317 | Pilates Place03481760 · Podgorica | <0.1% | 42,853€ | +3.3% | 2,541€ | 5.9% | 2 | 1,418€ |
| 318 | Igraj.Me03710203 · Podgorica | <0.1% | 42,467€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 13,250€ | 31.2% | 3 | — |
| 319 | Disability Fitness03711641 · Podgorica | <0.1% | 42,194€ | +3,275.5% | 5,816€ | 13.8% | 3 | 847€ |
| 320 | B & i03613674 · Bijelo Polje | <0.1% | 41,779€ | +25.6% | -10,268€ | -24.6% | 3 | 887€ |
| 321 | Digital Rise03708713 · Bijelo Polje | <0.1% | 41,575€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,061€ | -2.6% | 3 | 846€ |
| 322 | Media Go03370216 · Podgorica | <0.1% | 41,432€ | +39.1% | 2,215€ | 5.3% | 2 | 1,231€ |
| 323 | Unity Production03533808 · Budva | <0.1% | 40,588€ | +202.9% | 12,197€ | 30.1% | 1 | 922€ |
| 324 | Intersistem Mont02619571 · Podgorica | <0.1% | 40,574€ | +2.3% | 966€ | 2.4% | 1 | 925€ |
| 325 | Future Sounds Production03263037 · Podgorica | <0.1% | 40,501€ | +2.9% | 4,170€ | 10.3% | 1 | 860€ |
| 326 | Rafting-Bato Mne03198723 · Plužine | <0.1% | 40,182€ | +14.9% | 3,948€ | 9.8% | 1 | 1,697€ |
| 327 | Naša Piva03109372 · Podgorica | <0.1% | 40,093€ | +36.4% | -48€ | -0.1% | 1 | 1,024€ |
| 328 | Evdokimov Gallery03583678 · Herceg Novi | <0.1% | 39,414€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | 14,626€ | 37.1% | 1 | 911€ |
| 329 | Rafting Montenegro02781026 · Plužine | <0.1% | 39,142€ | -0.5% | 242€ | 0.6% | 1 | 680€ |
| 330 | Infobit02708981 · Podgorica | <0.1% | 39,038€ | -7.6% | -2,532€ | -6.5% | 2 | 1,332€ |
| 331 | Fit Studio Marić03357511 · Kotor | <0.1% | 38,872€ | -42.9% | -42,320€ | -108.9% | 3 | 1,210€ |
| 332 | Z-Fit03368653 · Bijelo Polje | <0.1% | 38,672€ | +71.7% | 9,396€ | 24.3% | 2 | 1,148€ |
| 333 | Mišić03717208 · Podgorica | <0.1% | 38,621€ | No meaningful percentage: the 2024 or current value is zero, negative, unknown or unreliable. | -1,973€ | -5.1% | 2 | 1,395€ |
| 334 | Radio Zeta02360969 · Podgorica | <0.1% | 38,572€ | -21.1% | 2,906€ | 7.5% | 3 | 821€ |
| 335 | Industry Pro03396975 · Podgorica | <0.1% | 38,494€ | +33.9% | 3,292€ | 8.6% | 4 | 494€ |
| 336 | Echos03094804 · Podgorica | <0.1% | 38,146€ | -20.4% | 304€ | 0.8% | 1 | 2,831€ |
| 337 | SGG Gvozdenović03674479 · Bar | <0.1% | 37,980€ | +83.5% | -23,425€ | -61.7% | 4 | 607€ |
| 338 | Pro Logic03027554 · Podgorica | <0.1% | 37,505€ | +38.9% | 4,690€ | 12.5% | 1 | 342€ |
| 339 | Theta03271544 · Berane | <0.1% | 37,435€ | +62.4% | -6,548€ | -17.5% | 4 | 678€ |
| 340 | Bibiland03614212 · Podgorica | <0.1% | 37,049€ | +290.3% | -5,642€ | -15.2% | 2 | 988€ |
| 341 | Predator Game03427552 · Budva | <0.1% | 36,910€ | -26.4% | -13,406€ | -36.3% | 2 | 876€ |
| 342 | Chodex Studio03204189 · Nikšić | <0.1% | 36,396€ | -40.3% | -4,406€ | -12.1% | 2 | 914€ |
| 343 | Format02729148 · Podgorica | <0.1% | 36,341€ | -5.5% | -8,657€ | -23.8% | 1 | 1,183€ |
| 344 | Mravac03617190 · Podgorica | <0.1% | 36,138€ | +311.1% | -5,981€ | -16.6% | 1 | 2,178€ |
| 345 | Trek Montenegro02840685 · Bar | <0.1% | 35,698€ | -55.6% | -18,015€ | -50.5% | 2 | 755€ |
| 346 | Oxygen02967499 · Nikšić | <0.1% | 35,064€ | +15.9% | -7,886€ | -22.5% | 2 | 653€ |
| 347 | Evil Ideas03322777 · Podgorica | <0.1% | 34,688€ | +33.1% | 21€ | 0.1% | 1 | 2,310€ |
| 348 | Pesago02248727 · Tivat | <0.1% | 34,207€ | +173.8% | 7,523€ | 22.0% | 2 | 675€ |
| 349 | Gresa Trade02353644 · Ulcinj | <0.1% | 33,304€ | +40.1% | 1,136€ | 3.4% | 1 | 1,984€ |
| 350 | Timelapse Produkcija03463478 · Danilovgrad | <0.1% | 33,268€ | +18.0% | 5,516€ | 16.6% | 1 | 983€ |